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and the great government consulting as they pick the products to bring a lot of innovation to san francisco. cory? give cory a round of applause. [applause] >> thank you, chris. thank you so much for all of your hard work, chris. none of this could be possible without your efforts. good evening. the good government awards are incredibly important in san francisco. it's a chance for us to honor the tremendous work that happens in the city and also to honor the individuals who are responsible for some of that success. congratulations to all of our honorees. we're very grateful for your work. let's give a hand for them. [applause] the good government awards also support spur's good government work. it is a central part of our mission. our agenda is admittedly ambitious. we analyze every local measure on the san francisco ballot, which until recently was a pretty formidable task. we participate in most of the major issues of city government from pension and payroll tax reform to some of the most important discussions on how we fund a lot of our public services, whether that finding different re
, and convincing these middle- class people that government had been identified with the interests of minorities and the poor and was not working for them anymore and luring them over to become the republican base. that title gets a lot of attention, because we have seen such a rationalized -- such a campaign, particularly as mitt romney and paul ryan use welface that is -- use a version of welfare that is blackface. it may not be working for them. tavis: the subtitle is no less provocative. "why we long for a golden age that never was." a majority of americans that believe our best days are behind us. there are many who believe that maybe the 21st century belongs to china or somebody else. it ain't ours. what do you say to that? >> the tragic thing about this is that there is a loss of confidence in the future. there was a golden age for a lot of white people. not all. but when i tell the story with my family, i show how my grandparents climbed out of desperate poverty in the depression into the middle class really in one generation, and some of their children proceeded into what may be called
. however we have what the government has called a ponzi scheme and so there needs to be definitely a serious readjustment of the priorities in terms of making it more of a private sector-funded type of pension benefit program going forward. >> thank you. >> mr. leno? >> let me also thank both leagues for bringing us together today and also it is a real pleasure to be here with miss dillan who is a great respectful of her party and an activist in the community. as i think that most californians know that we have spent a lot of time dealing with the issue of pension reform for the public sector workers and i think that we have reached a point where we can going forward deal with pensions in a much more sustain able fashion so that we won't see cities in particular having upwards of 25, 30 percent of the general fund having to go to pension obligations. of course, those promises already made must legally be adhered to. i have also said in a lot of time in this past year, looking at private sector employees in publicly traded corporations, who have seen their benefits wiped out and in
lose 35 jobs when it shuts down. you lose jobs let schools and at local government. that is the real cost of what his policies are bringing out by supporting bureaucrats in washington. one neighbor at a time, you've got two avenues to take. one is a government solution of believes government can bring you a job. and me, who believes we can revitalize and reenergize and renew the enthusiasm for montana if we can get government out of the way in our regulatory policy and in our industries. it is not just the businesses that will turn things around. it is those who will -- to work for those businesses who will help to create better opportunities for ourselves, our children, our businesses. i look people in the eye as i travel a run montana and i do not see statistics. we do not necessarily want to talk about the unemployment rate statewide. there are 56 counties with 56 cultures and histories and their own desire for their own future. and in liberty county and might be agriculture. in lincoln county might be timber. in eastern montana it might be oil and gas and coal. i want to get gove
of san francisco their staff of the separate body governed by a five-member commission appointed by the appo inted by t hemayor with two specific seats for the districts. the primary districts for these areas; important for the board and approved by the mayor that the district included actual residents and stakeholders the successor agency commission. s in terms of the planning commission role, it is an change of the legislation, unchanged pre-dissolution when the board adopted resolution 1112 the creators oversight, that has been peeled off because state law has required it and the state department of finance has required that this oversight body simply just do fiduciary oversight, review and approve the payment schedules and other required functions under state law and a separate body governed by the structure under the city and county of san francisco, the board appointment -- rather the mayor appointments of those five seats goals of the normal board appointment processes all other commissions and boards. the board retains its authority over the redevelopment plans.
with this story that is happening right now. the government has continued it's vendetta against big banks. the government accuses the mortgage lender of reckless trifecta issuing at least 100,000 affected loans. this story comes as the cnbc.com story makes headlines. the question is why is the government and the taxpayor still in the housing business? let's go to our guest. diana, good evening. >> well look, confidence in housing is coming back. especially in home prices. some say they think home prices will fall further. optimism has been rising for 11 straight months. you don't have to look farther than record low mortgage rates. some claim it is a government subsidy. there are short sales. it is fast becoming the exit of choice for banks and sellers. they are now moving faster thanks to government mandated streamlining and incentives. hofa has so far paid out $333 million for short sales part of the $10 billion that was set aside for the loan modification program. also pushing short sales so far under that program the banks have forgiven $8.67 billion in mortgage debt. that is tax free
elected a government that mismanaged the situation and borrowed money that we did not have. that intense animosity is now predominantly felt here. from the government, and open arms welcome. the government is intensely aware that relations have hit new lows within the last few years by this tabloid animosity. the government realizes it needs to reach out to the german government in reset relations. greece depends on german cash, and that sort of extremely strong unity is what you saw today from the greek government. >> you were on the streets of athens, wasn't brave or insensitive? got that as a question of what posts to myself when i got hit by a volley of tear gas earlier in the afternoon which left my eyes streaming data show me with a toxic impact. as i nursed by sore eyes. in those days it was brave, other cell was insensitive. her visit has added fuel to the fire for those that see her as the architect of austerity. they say it is a sign of respect that she came to this country and we're glad that she came to speak to the president offered a show of support and endorse their place
what we're seeing is a government seeking to assure its key constituents and to send a signal to the outside world in the face of what they consider pressure from the south and the government is strong and the national security of the north korea the safe. >> it's given that the south has only increased its missile capacity. >> absolutely. and i think we need to trecks last few months have been very tense on the korean peninsula, and there's been no love lost and the outgoing president is seen as someone who is hostile to the north and that certainly is how the knot paints him. this is very much a political gang waiting for the political senses of december and north koreans are not going to give an inch until they see the new president taking over in january. but for now, as you say, they have every reason to take a tough stance. >> thank you for your time on gmt. let's take a look at some of the other stories making hirnes around the world today. mexican authorities say the leader of the drug cartel appears to have been killed in a fire fight with marines. final forensic test
about big bird and cutting the government's apron springs doesn't cut it what does? >>guest: this is fought a serious debate when president obama said we cannot cut one small program. to we cannot cut this program what can we cut? we have $1.1 trillion deficit and that was an improvement. >>neil: the argument is, it is chump change. but you add them up, it adds up. >>guest: i do watch pbs a lot, sometimes i listen to npr but people would listen to it and watch it and like the programming, they should pay if it. talk about children's programming. it used to be "sesame" was the only game in town, the most successful program in the history of tv. now this are hundreds of programs like "sesame street" on pay for profit television. my feeling is, if people like warren buffett and people like ted turner feel this is such an important programming, why shouldn't they pay for it? >>neil: the issue here, you know, is what we spending and where we cut back on spending. the argument the liberals give you, maybe we just charge more for what we are spending money on. that gets back to mor
and senate, his budget takes spending up to 38% of the economy during that same period. a government twice as large. if you have split government, obama gets elected in a republican house or republican house or senator, what happens is exactly what happened two years ago which is they'll extent bush tax cuts for two years and fight it out in two years. there's not going to be a cliff. everybody knows this because if obama shuts down the government in january, the democrats lose ten senate seats, ten of which are vulnerable in 20 # 14. a democratic senate and republican house encysts that obama extends the tax cuts. gerri: i'm not sure everybody is so sanguine. mitt romney's been called a liar for the ideas on taxation and taxes. he wants to cut taxes 20% across the board for everybody, the poor, the wealthy, the people in between. can you do that and get rid of breaks in the tax code for wealthy people and come out with anything like a balanced budget? >> well, two things. yes, you can bring in the same amount of revenue with tax reform, but, remember, republicans believe if you do margina
on this budget it's senseless and it's just more government putting the throats -- putting the boots on the throat of the average day citizen. >> all right. thank you sir. mr. yee. >> so let's face it. let's not make our parking meters the atm for the city. i mean we really need to support the notion that we don't want meters to operate on sunday, especially in our district, district seven. the business corridors need access to customers and when you charge on sundays and parking meters the same people shopping and at restaurants they're going to go somewhere else. they're going to go to stonestown and the malls and if you believe in the small businesses in the community then we need to support the notion that we're not going to allow for parking meters to operate on sunday. >> okay. thank you mr. yee. mr. bye. >> i completely oppose sunday and late night meters and our district. i agree with norman that it really will literally drive people out of the area and down to south city or some other area in which people want to come to this part of town for the small town experienc
holder today praised the libyan government's response. it's a challenging environment in which to operate but i think we have done pretty well given the circumstances in which we find ourselves and we found ourselves able to move about and do the things that we have wanted to do because of the assistance we've gotten from the libyan government as well as from some of our other allies >> sreenivasan: a u.s. house committee holds a hearing tomorrow on the consulate attack. in pakistan, a taliban gunman shot and wounded a 14-year-old activist known for promoting girls' education. malala yousufzai was hit in the head and neck during the attack in the swat valley region. doctors said the wounds were not life-threatening. yousufzai spoke out on girls' education at a u.n. children's assembly last year. the taliban called her work "an obscenity" in a statement claiming responsibility for the attack. one out of every eight people on earth is going hungry, according to a u.n. report today. that comes to 870 million people, but it's far below the figure of one billion announced in 2009. the u.n. foo
as a nonpartisan mayor here in richmond and second as a governor in a republican house. i governed in the most difficult economy since the 1930s, but we were the best managed state in america, governing magazine, the best state for business all four years i was governor, forbes magazine, and the best place to raise a child. education week. those weren't tim kaine accolades, they were things we did working together. and in the last year as governor when the president i asked to serve as dnc chair, i think i had my best year. we got smoking banned all three publications that ranked states ranked virginia the best state for business in the united states. we saw huge improvements in infant mortality and our foster carey form effort, achieved success in open space preservation and recruited numerous businesses in the heart of the recession to come to virginia, rolls-royce to opening a manufacturing facility, faic hilton and at the end of my administration, northrop grum mond decided to move from california here. virginians care about results and we got results working together. >> mr. allen? >> tim
living on the fruits of its noble past. but a france governed by the middle class was losing its taste for nobility. like many aristocrats, his father alphonse retreated into rural pastimes-- riding and hunting. an eccentric, he looked wistfully back to the family's glorious past. alphonse had married his first cousin adele, a common practice in a class anxious to preserve the purity of its bloodlines. but the results of inbreeding for henri were uncommonly cruel. his legs were short and weak. he broke each of them in early adolescence and stopped growing when he was 14. he was just under five feet tall. his head, hands and torso continued to develop. but his stunted legs made walking painful for the rest of his life. denied the aristocratic pleasures of riding and hunting, henri turned to sketching and painting rural scenes. he had a flair for it and in 1882, at the age of 18, he moved to paris to study painting. it was a move that would change the direction of his art and his life. paris in the 1880s was becoming the modern city. baron haussmann's legacy, the great boulevards that de
libertarn said hold you horses, government should not ban businesses of any kind. even if the intentions are good, he is author of, it's nut cutin time in america. the viewers are concerned about spying from china on our intelligence and our corporations what say you? >> let me say, ni how. i am practicing my mandarin chinese, when our cred kits come calling i will know how to greet them when they arrive in cafornia, an old cowboy names con4ous. coconfusous, said, this old business of retaliating bacack d fort is not getting us anywhere we tried that in 20 30s, that got us in a deeper depression, we tried embargoing oil and metal with japanese that ended up in pearl harbor. you know itf we need more cyber security, hire more spooks instead of more irs agents for obamacare. we have a lot of kids sittingn a basement that know wha how tok stuff, beef up our security. >> you are worried about retailiation from china against our overseas could operations, our companies have units in china. >> this is a global economy. you know, this ain't like an american public school you get trophy for show
a free-for-all for gas thieves. all thanks to government regulation. how much worse can it get? >> while iran is still trying to control its currency crisis its offshore oil platforms are reportedly under cyberattack. is the regime running out of time? >>> are electric cars actually bad for the environment? specifically, twice as bad as traditional cars? a shocking new study says they may not be so green after all. even when they say it's not, it is always about money melissa: let's take a look at the day's market headlines. investors staying cautious before tomorrow's earnings season kickoff with alcoa. summit between eu finance ministers brought modest declines to stocks. stocks closed down 26 poin. shares of apple fell more than 2%. there are report that is a weekend strike broke out at a foxconn factory in china, a major a sembler in china. foxconn is denying the report. they have had major problems. >>> netflix shares surged more than 10% on the news closing at highest price since july. >>> our top story tonight, gas prices in california hitting another all-time high. now they have
the allegations and have the support of the chinese government. >> when china in the u.s. benefit from the business we do in america are, we hope the congress will monday's their opinions on prejudice but on the facts so as not to hurt bilateral trade relations. >> this is just the latest battle in a war of words over trade and economic practices. the u.s. has accused china of unfairly subsidizing renewable energy and the auto industry in china expressing complaints to the wto. clogs let's get to the u.s. election campaign. romney accused obama of failing to lead in the middle east. is going to frame his positions ahead of the next presidential debate next week. we have some analysis from our russian and correspondents in just a moment, but first tier are a few clips. >> it is our responsibility and the responsibility of the president to use our greatest power to shape history, not lead from behind the. destiny at the mercy of events. i will put the leaders of iran on notice that the u.s. and our friends and allies will prevent them from acquiring nuclear weapon capability. i will not
hollywood, big government, big journalism, and big peace, p, e, a, c, e. he became a big player what is come to be called the new media including work as editor on "the drudge report" website and yes the "huffington post". bull buckley didn't dwell in the past but he believed we should and could learn from it. he was fascinated by the rise of the new media and encouraged conservatives to become involved in it as he had in the old media. he didn't live to see it come to full fruition and andrew left us too soon for him to become a greater influence than he already has. a tribute to him that his web sites and work endure. it is my pleasure as the winner of last year's william f. buckley, jr., award to present this year's award posthumously to andrew breitbart. may he rest in peace. [applause] may he rest in peace and may his legacy live on. accepting the award is oars son dean, susie's father and with him is alley mills dean. ♪ . >> thank you. thank you very much. thank you. thank you. you may remember me. i formally went on the screen, under the name of irene dunne. at my age i have some fr
on them by the government. >> he estimates the fact that as governor in eliminated the estate tax and took more than 100,000 low income virginians of the income tax rolls. i just thought i would correct him there. george and i have very different strategies. this is one of the most important programs that has ever been done by the government. more than 50% of american seniors have retired into poverty before it was passed. thank you we have -- thank god we have those days behind us. that would've been a huge catastrophe prior to the collapse in washington. what i would do is allow the payroll tax of words as a way of protecting the solvency of the program. on medicare, george allen supports the ryan budget that would turn medicare into a voucher program and push costs onto the seniors. i propose a senior savings costs, for example ending the prescription -- that we get. that would save us without jeopardize in the benefit of all. >> mr. allen, to ask both of you to take one minute to respond to tim kaine's assocation about medicare and to support the ryan budget? >> what i support is prese
. presenting a summary, two of the jurists said israeli violations were impossible without u.s. government backing. >> the tribunal finds that israel's ongoing colonial settlement expansion, its racial separatism policies, as well as its violent militarism would not be possible without the united states economic military and diplomatic support. >> the russell tribunal session here in new york will give us the opportunity to further persuade people who believe in justice and equality and peace in this country that they should join the campaign for solidarity with palestinian people and palestinian freedom. the ousted president mohamed nasheed after he ignored a summons to appear in court. he is facing charges of illegally ordering the arrest of a judge appointed by gayoom, who ruled the maldives for 30 years before nasheed became its first democratically elected president in 2008. nasheed was ousted earlier this year in what he described as a coup at gunpoint by gayoom's supporters. nasheed is well known internationally for his activism on the issue of global warming, which he says threaten
-hours. >>> government is filing a civil suit against wells fargo. they are accused of reckless behavior issuing federally backed loans. shares of wells fargo fell nearly 2%. >>> all right, our top story today, german chancellor angela merkel arrived in greece today and was met with massive protests. some greeks even dressed as nazis to mock the german leader that is so nice. what a great welcome. why are the greeks protesting one of the few people who might actually be able to help them escape a economic meltdown? joining me for more on this story, university of chicago proper professor charles lipscomb and former director of the congressional budget office, douglas holtz-eakin. thanks to you both for joining us. doug, what do you think of those pictures? >> i think this is a reminder that greeks have not done the hard reforms they need to be successful. to be successful in the bad growth, big debt environment they have to cut government employment and reduce transfer programs. they have done very little of that. they were supposed to cut 30,000 jobs. they cut 1,000. they lost another nine from
. many governments have yet to s pass laws enforcing the protocol. the participants are expected to discuss how to secure funding to meet the targets agreed. >>> military personnel from the united states and philippines have begun 11 days of joint exercises. the the drills began monday on the western coast m facing the south china sea. 3800 personnel are taking part in this year's exercises. that's 800 more than last year. a philippine know military suggest they reflect the numbers growing in the region. u the philippines is engaged in disputes with china. chinese patrol boats are preventing philippine fishing boats from approaching. u.s. leaders have expressed concern that china is expanding its activities in the region. >>> australian prime minister has urged japan to sign a free trade agreement with her country as soon as possible. she says no other fta will be more logical. he spoke at a reception in sydney. >> japan is a critically important economic partner for austr australia and will remain so in the future but in a dynamic and changing region it's time to take the next s
with president obama's health plan, that it wasn't strong enough or that it's government takeover of health care, you can disdegree with him on taxes or whatever, but this is against him personally and trying to destroy and discredit him personally. the obama hate machine. and it's not just fox news. it's out there because of a couple of people that most americans have never heard of, the famous koch brothers, charles -- now-famous, charles and david coke. david koch. and, again, we've seen corporate-sponsored attacks against presidents before, particularly, and i outline two of them, franklin delano roosevelt. by the way, with him it was the dupont brothers, and there were free of those at the -- three of those at the time. formed the liberty league to deny fdr a second term. and then with bill clinton, of course; was richard melon safe who funded all the investigations that led to paula jones and on and on, and the articles in the american spectator. but nothing compared to the money and the organization that we've seen on the part of charles and david koch who are the heads of koch industries
government and it's our open government that you the voters have voted for so for four months the board is doing whatever they want to do, and there is no process for a check and balance, and that cannot go on while they make back room deals. they strategize and leave and go to other appointments that they are elected to, so with corruption here at city hall and we must face it. we must deal with it. >> thank you. mr. lagos. >> yes thank you cheryl. the number one issue for me is major land use development and affordable housing. i think they're codependent issues. the reason why i say this is because we have had a policy in the city for the last 40 or 50 years of transforming a lot of the working class, middle class neighborhoods into basically upper middle class, upper class neighborhoods and in my opinion it's destroying our city and there needs to be a stop put to it, and so that's what i see as the major problem here and the major issue which i would tackle if i were elected in november. >> all right thank you sir. mr. rogers. >> yes. i think the most important thing that cou
this can happen if the make of government on november 7 is the same as it is today? >> no. i think will happen for another reason. i think first of all when people figure out there's a big chunk of change, and second of all when you have the debate between the people trying to protect entitlement, and the people trying to kill energy, who are you betting on? >> in california they're saying just allow the winter fuel blend is not early is going to save, make as much as 50 cents a gallon, they've been paying over $5 a gallon in california, and california has created -- [inaudible] >> california is america if we don't change. that's a scary thought. you can see the future, just look to california. it should scare everybody in america. no one would want to go the. part of the answer of california is to stop trying to be the federal government. they can save a lot of money if they pull back from the own agencies and own regulations. but i do think we have this opportunity, to tom's point on this leg of the school got it all fits on a growth like if you will. because i think that we woul
is she coming now, why didn't she visit the two previous governments? because she knows hostility towards her is extremely high. remember for the better part of the last three or four year, she was seen as a scapegoat for the tough austerity measures that have been implemented here and that has led to the deep, deep recession in this country. well, she wants to send a message of support and solidarity about the reform efforts that have already been taken. but privately she'll be pressuring to say you have to continue with the reform efforts and we're not coming with any gifts. we'll make no further concessions. that will be her tough message as she comes here today. back over to you. >> what's interesting is that maybe the timing of this visit there seems to be imf saying we need to have a maybe pretty big did you tell forgiveness. how hard will that be for the germans and fins and dutch? >> i think politically impossible. i think they're warm up to the notion in a they need to give greece more time. but that means money. that money has to come from somewhere. it certainly won't come from
spending but he also believed the government had a positive role to play. the interstate highway system, which eisenhower -- which was eisenhower's brainchild. [applause] more money was spent on the intraday -- interstate highway system than the new deal from 1839 to 18 to 41 with zero impact on the budget because it was paid for through gasoline taxes. [applause] thethe st. lawrence seaway connecting the great lakes, opening the great lakes to traffic again had been on the drawing board since the administration of theodore roosevelt and eisenhower -- eisenhower took, assumed the presidency in a time of mccarthyism and incredible communist witchhunt. he did it as he did so many things in the background. it was eisenhower orchestrated the army's response in the army mccarthy hearings. i'm not going to get into a contest but that stunk. and when it was over mccarthy had him vanquished but i think it was the desegregation issue perhaps in which eisenhower most often underestimated. president truman had ordered the army to be desegregated in 1950 but the that the army had not complied. 85%
affirm that it is ok for a public institution, whether it's government body handing out contracts or student or college admitting students, that it's ok for them to try to make sure that their student body looks like the state looks. they should if at all practical use factors on race and economic disadvantage, are you the first in your family to go to college? but if you see public institutions where the numbers of students dramatically different then the state population, i think it's an indication of challenge and problem that we have to try to solve. i strongly believe the diversity of our commonwealth is the strength, diversity of our nation is a strength and we ought to see diversity in our public bodies. >> mr. allen? >> i'm in some agreement with tim's expressions. i'm someone who's in favor of affirmative recruitment and i think everyone regardless of background ought to have an equal opportunity to compete and succeed. i would not want to deny people an opportunity based oni would e an opportunity based on race regardless of what their race is. while affirmative recruitm
and the democrats. how they essentially tried to bring the federal government's financial house to some kind of order. the answer is they failed. we have a federal government whose financial house is in total disorder, total disarray. it is a historic problem. to try to put it in english, we have a trillion dollars of iou outstanding in the world. the negotiations, they agreed to raise what they call the debt ceiling, so the government can borrow a couple more trillion dollars. we are going to run it run out of that borrowing authority january or february of next year. they're going to have to go back and authorized congress for more trillions of dollars of borrowing. the republicans and lots of people in congress don't want to authorize that. so there is going to be a bloody negotiation, unless they can work a deal. in a sense, this is a book about the past, but it's about the present. it is about where we are going and what the country's future is. if you think about it i would argue that the inability of the government to fix this borrowing debt deficit issue in the book, vice president b
working for our government needs to have protection, and that is an abject failure and that should be a big thing in this election. a chocolates look at mitt romney's comments yesterday in virginia -- host: let's look at mitt romney put the comments just in virginia. [video clip] >> the attacks on america should not be seen as random act. they are a larger struggle that is played out over the middle east, a region that is in the midst of the most profound upheaval in a century. the fault lines of this struggle can be seen in benghazi. the attack on our consulate on september 11, 2012, was likely the work of forces affiliated with those that affect our homeland on september 11, 2001. the latest result can not be blamed on a reprehensible video, despite the administration's attempts to convince us of that. the administration has finally conceded these attacks were the deliver work of terrorists they use violence to impose their ideology on others and who seek to wage perpetual war on the west. guest: it is interesting. on the one hand, mitt romney was criticized for his initial respo
that is operating out there on a network. it's our government infrastructure, our public infrastructure, water, the electricity grid. the grid is a massive concern right now. this issue, this cybersecurity, cyber hacking, theft of information, interference with our systems, it doesn't get the sort of coverage that it needs to get. it's still as a threat to the u.s. national security interests. it's still kind of lurking there in the shadows because of course we've been focused on the war on terror, on iran, on syria, you know, the arab spring, and so it does not get the coverage. i'm very glad that you guys are leading with this story. connell: it also could be -- you are ight about the angle then which is what we led with today about the war on terror and the possible retaliation for this video and everything else, but adam brought up the idea -- and this has been in the news this week of our relationship with china and this company 60 minutes focused on over the weekend, and you have another company zte which the house pommittee yesterday talked about. this is a murky area because obviously
under bain or when you were government of massachusetts. jobs, what are you talking about jobs for? you don't know anything about jobs, 47 out of 50 and we're in a fight with this guy? he's leading now? you're kidding me! part of the reason is progressives are more honest than conservatives. when conservatives lose a debate oh, no, we won we won. i don't care, we won. what do liberals do, they said you're right we lost. >> president obama was not prepared for his huge debate. this isn't about left, right good or bad, it's about coming to work to work. >> i think he was taken aback at the brazenness. >> i believe that mr. obama took a licking last night. the public knows that. he seemed not disinterested, but uninterested. he looked as if he really would rather be somewhere else. >> when you've got to lead, try to sit on the ball in basketball and you've got the lead, when you play conservative, you often lose the lead. >> the president bizarrely just failed to show up. >> i'm showing you one of the strongest headline, a full banner based on giving it completely to romney last night. >>
the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit profit growth with the china system sales increasing 22%. same store sales increasing 6%. now this is a slowdown
and 10% of coastal and marine areas by 2020. but many governments have yet to pass laws enforcing the protocol. some developing countries say they can't afford to implement the policies. the apartments participants are into it. >>> have begun 11 days of joint exercises. the drills are taking place near islands at the center of a territorial dispute between china and the philippines. the drills began monday on the western coast of luzon island facing the south china sea. 3,800 personnel are taking part in this year's exercises. that's 800 more than last year. a filipino military leader suggested the numbers reflect a growing security threat in the region. >> and i'm confident that they shall result in the partnership that is enduring that we shall be prepared to face the present and emerging maritime challenges in this part of the region. >> the philippines is engaged in territorial disputes with china over the islands. chinese patrol boats are preventing philippine boats from reaching the shore. >>> australian prime minister hatz urged japan to sign a trade agreement. gillard spok
years, we have had revenues coming into the federal government at a level around 15% of gdp. that is a 60-year low. since 1960, we have never had a balanced budget in a year when revenues were less than 18% of gdp. in 2001, the last year we had a surplus, revenues were at 19.5% of gdp. we have a revenue problem. in the tax reform to sell it. some on the left have suggested corporate tax reform could be a source for new revenue but here i disagree. to preserve our international competitiveness, it is imperative we seek to reduce the corporate rate from 35% and do it on a revenue-neutral basis. this will boost growth and encourage more companies to reinvest in the united states. corporate tax reform, under the leadership of chairman baucus senator hatch should be treated separately from our attempt to get a handle on the deficit. but when it comes to the individual side of the code, our approach must be different. in this part of reform, the new money we collect from broadening the tax base cannot all be applied to prepare -- to reducing rates or else we will not get enough re
asked the mayor of tegucigalpa what the national government is doing about police reform. >> we have to purify the police the fastest as possible. but without this motivating the other, good police, it's not going to be easy. there's too many interests. there's too many links between police and other-- and crime and other things. so you have to take it in a way that the people who are doing it don't lose their lives because they're doing it. i mean, there's something that needs to be done. everybody's conscious about it. the government is conscious about it. i'm conscious about it. you have to do it the right way in order don't hit you back stronger than what we're having the problem right now. >> cleaning up the police is critical. the capital's many small business owners feel vulnerable, as if they have no protection. one young honduran, who wants to remain anonymous, tells us what happened at his parents' restaurant last year. >> some person came in. they were a civilian who were dressing as policemen. they hit two clients. one of them died, and the other one, he survived, but he
is given by the government for the public wealth and so on, it is not in line with the transformation to the consumption economy. and also it might involve the risk of inflation and realistic hike and so on. so they look a little bit prue dentd, but they have 7.5% of growth target. so i think in the end they'll achieve the goal. >> reporter: recent tensions over territorial disagreements between japan and china have cast a shadow over the two economies. nakao says he hopes the meetings will help the two sides overcome their differences. >> this shouldn't impede a strong economic tie. and i mention that prime minister noda and premier wen last december agreed to the cooperation. we have a lot of concrete efforts. once again, i hope that any difficulties will not harm this kind of progress. >> reporter: all right. well, as you can imagine, bankers have been wringing their hands at all this uncertainty that we've been talking about. tomorrow we'll take a look inside the financial sector. we'll have lots more from here at the tokyo international forum. >> that was nhk world's ron madison.
, of course he wants to hire more government workers. look, all of these things have not ignited our economy the way it should be ignited. we've seen the slowest recovery from a recession. bill: john roberts traveling with the campaign. live in vanmeter, iowa, that is west of des moines. what is happening there, john? >> reporter: good morning. governor romney will be talking agriculture today. not surprisingly we're on a 700 acre farm owned by the cook family. a lot of soybeans and corn here. we're in madison county. governor romney won this in the caucuses by the way. he will argue the president's policies things like estate taxes, climate change, environmental regulations, energy policy are hurting farmers. he continues to go after the president on issue of jobs of the even though the unemployment number is down below the psych lodge call level at 8% on the stump in newport news, governor romney found a new way to use it. >> if you look back 60 years, at all the months we had unemployment before 8% before president obama. there were 39 months. in all 60 years with unemployment above 8%. u
for on the balboa citizen's advisory committee. my city experience in terms of working with city government includes my current role at the mta citizen's advisory committee where i'm the vice-chair and also the chair of the engineering maintenance committee. i have served in the past couple of years ago as chair of the san francisco utility undergrounding task force and we succeeded in issuing a report. i've been involved for a number of years in the ocean avenue revitalization and involved in the development of the better neighborhoods plan around the balboa park bart station and ocean avenue. i'm a board member of the, probably the only property in the station area that has any nongovernment attachments to it, which is the historic geneva [speaker not understood] and power house which we're seeking to restore and occupy as a cultural center and were discussed -- that role is discussed in the balboa area plan. currently i'm serving as acting director of the ocean avenue cbd which comes right down to the entrance to the station area. in summary, i have a good understanding of muni's needs at the sta
, they would not have been in that position. unfortunately, the way city governments work, if the money is not there and you can't close with very short time frame of due diligence, it is not going to happen. even as you get down the peninsula there are multiple users who would jump at the opportunity to find, one, a building of this size. 250,000 square feet building. two, a building that size on two acres. most will sit on eight acres. so the extra land * ten is driving some of the values up. the transaction james is talking about with dbi was formerly amb building on spruce. they moved into a 177,000 foot portion of an industrial building the sfo -- you know, san francisco's airport operation had leased prior to. their rent is significant more than the rent on this deal is. so the value in the market is there. that deal was negotiated three, four years ago. that lack of supply is what drives value. that is anything in the world. whether it is a commodity, food, precious gems, whatever it is. that is what is driving the value. i understand the concept of let's take more time to find a
at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the wall street journal." which are joined by a political reporter there. thank you for joining us. guest: thank you for having me. host: what are we looking at? guest: you can see which states we have classifie
to our foreign assistance to create incentives for good governance, free enterprise and greater trade in the middle east and beyond. i'll rally our friends and allies to match our generosity with theirs. >> this will come as a surprise to our allies. mitt romney took his cues from foreign aid from rick perry. >> one of the things we have to do with our foreign aid commitments, the ongoing foreign aid commitments, you start everything at zero. a new strategy is to keep things deliberately vague. this week marks the 11th year of the war in afghanistan. romney took heat for not mentioning afghanistan during his convention speech. but the new mitt romney finally has a position on the war. >> in afghanistan i'll pursue a real and successful transition to afghan security forces by the end of 2014. >> that just happens to be the exact same position of the current president of the united states. this guy named barack obama. romney didn't offer any additional specifics, so it's hard to tell if he has really any disagreement with the president over afghanistan. the same goes for iran. >> i'll p
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